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Affordable Residential Localities in Navi Mumbai

Navi Mumbai has got to offer numerous options in terms of residential property. With a total area of 344 sq. km., the city can be counted amongst one of the largest fully planned city of the world. Many Indian and Multi National companies have made it their base of operations. It is an equally sought after destination for residential properties as well, because it's closer to Mumbai and offers much cheaper residential property rates. No wonder, the residential property market in the city is receiving huge demands. From good and affordable houses to residential apartments in Navi Mumbai, you would be able to find the property as per your requirements. Most of the inmates in the city are people who work in Mumbai. The staggering prices of Mumbai residential properties have persuaded people to look for newer avenues and Navi Mumbai is their foremost choice. When you want to own a home and property prices in Mumbai give you jitters, then Navi Mumbai real estate is worth giving a thought. The city has got to offer cheap residential apartments, affordable houses and economical plots. Below are a few localities in Navi Mumbai that should be in your list when you plan to do a research for buying residential properties in Navi Mumbai: Khargar- It started to develop in 1995 and is located at 4 hour drive from Mumbai on the Mumbai-Pune highway. A number of new projects are being developed here in the residential property and commercial property segments. It is surrounded by lush greenery and is no less than a hill station. The infrastructure here is all in place and hence makes this area optimum for acquiring property. Ghansoli- Located at a distance of about 20 minutes by bus from Vashi, the locality is newly developed and a good option for residential apartments and commercial properties. Being newly developed, the area offers apartments for sale, at a comparatively cheaper price. The area is easily accessible by Mumbai from Thane via Vashi/Nerul. Kamothe- Kamothe is located at the Mumbai-Pune Expressway and is less than half an hour drive away from Mumbai. There are numerous real estate projects in the area and one can easily find residential apartments at cheap prices as well. Airoli- It is connected well with the two most developed areas of Navi Mumbai, Vashi and Nerul. As an educational centre for Navi Mumbai, it has engineering college, polytechnic, junior college and few good schools. It is well connected to Mumbai via Thane (Suburban Train) and Mulund (Mulund-Airoli Bridge). The two main residential areas are Airoli Village and Diva Village. Few malls have also sprung up in the recent past. The Ripplez Mall is under construction and D-Mart has already been built. It is a popular choice for residential apartments. Koper Khairane- Situated at a distance of 12 Km from Thane and 7 Km from Vashi, Koper Khairane is the 4th station on the Thane-Turbhe-Vashi railway line. There are 3 engineering and one Diploma College in Koper Khairane. It as also well connected to Mumbai by Buses. The Reliance Industries is about to build a very large corporate house here and which will surely cause a sudden rise in real estate prices here. Let's have a look at the prices in these areas: Area//Average Property Prices per Sqft (INR)//Average Property Rents per Sqft Airoli//3906//12 Ghansoli//3804//12 Koper Khairane//4098//14 Kharghar//3629//10 Kamothe//2490//6

Navi Mumbai has got to offer numerous options in terms of residential property. With a total area of 344 sq. km., the city can be counted amongst one of the largest fully planned city of the world. Many Indian and Multi National companies have made it their base of operations. It is an equally sought after destination for residential properties as well, because it's closer to Mumbai and offers much cheaper residential property rates. No wonder, the residential property market in the city is receiving huge demands. From good and affordable houses to residential apartments in Navi Mumbai, you would be able to find the property as per your requirements.

Most of the inmates in the city are people who work in Mumbai. The staggering prices of Mumbai residential properties have persuaded people to look for newer avenues and Navi Mumbai is their foremost choice. When you want to own a home and property prices in Mumbai give you jitters, then Navi Mumbai real estate is worth giving a thought. The city has got to offer cheap residential apartments, affordable houses and economical plots. Below are a few localities in Navi Mumbai that should be in your list when you plan to do a research for buying residential properties in Navi Mumbai:

Khargar- It started to develop in 1995 and is located at 4 hour drive from Mumbai on the Mumbai-Pune highway. A number of new projects are being developed here in the residential property and commercial property segments. It is surrounded by lush greenery and is no less than a hill station. The infrastructure here is all in place and hence makes this area optimum for acquiring property.

Ghansoli- Located at a distance of about 20 minutes by bus from Vashi, the locality is newly developed and a good option for residential apartments and commercial properties. Being newly developed, the area offers apartments for sale, at a comparatively cheaper price. The area is easily accessible by Mumbai from Thane via Vashi/Nerul.

Kamothe- Kamothe is located at the Mumbai-Pune Expressway and is less than half an hour drive away from Mumbai. There are numerous real estate projects in the area and one can easily find residential apartments at cheap prices as well.

Airoli- It is connected well with the two most developed areas of Navi Mumbai, Vashi and Nerul. As an educational centre for Navi Mumbai, it has engineering college, polytechnic, junior college and few good schools. It is well connected to Mumbai via Thane (Suburban Train) and Mulund (Mulund-Airoli Bridge). The two main residential areas are Airoli Village and Diva Village. Few malls have also sprung up in the recent past. The Ripplez Mall is under construction and D-Mart has already been built. It is a popular choice for residential apartments.

Koper Khairane- Situated at a distance of 12 Km from Thane and 7 Km from Vashi, Koper Khairane is the 4th station on the Thane-Turbhe-Vashi railway line. There are 3 engineering and one Diploma College in Koper Khairane. It as also well connected to Mumbai by Buses. The Reliance Industries is about to build a very large corporate house here and which will surely cause a sudden rise in real estate prices here.

Let's have a look at the prices in these areas:

Area//Average Property Prices per Sqft (INR)//Average Property Rents per Sqft

Airoli//3906//12

Ghansoli//3804//12

Koper Khairane//4098//14

Kharghar//3629//10

Kamothe//2490//6

About the Author

Zamanzar.com is currently ranked within the TOP 10 real estate portals in India according to Alexa traffic rank. Zamanzar.com provides an end to end solution for buying/renting/selling residential or commercial Indian real estate. Zamanzar.com has thousands of property listings for sale and rent in Mumbai, including residential and commercial resale properties, rental properties and new projects. You can arrange site visits and close the deal with us, if you like some properties. Please visit our Mumbai Real Estate page to find out more!

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